Geopolitics: Putin is ready to agree on Ukraine truce with conditions

Russian Pres. Putin is on the wires saying that he is ready to agree on Ukraine truce with conditions.

More:

• The offer was made during last month talking Saudi Arabia between top Russian and American officials
• Agreement on a cessation of hostilities will require a clear understanding of the framework principles of the final peace accord
• Russia will be particularly insistent on establishing the parameters of an eventful mission, including an agreement on which countries will participate

The price of oil has dipped on the headline. The price is trading at $67.19. The high price reached $68.20 before rotating back to the downside.

This article was written by Greg Michalowski at www.forexlive.com.